Being Too Busy

Being Too Busy.

Have you ever stopped to think every time you pass up an opportunity to do business, to meet friends or to do something new and you say “your too busy”, that you might actually not be too busy you are just disorganised or have your priorities wrong.

Now don’t get me wrong, many of us have lots of things to do and we can feel too busy but where do you draw the line.

Over the past 15 years I have run a successful IT Consultancy which included supporting Home PC Users and Business Clients.  The business is still going strong, but so is many of my other business interests.

Recently it had gotten to the point where everything was so successful that I was not able to dedicate enough time to each individual business in order to do it justice and I could see a problem beginning to develop.  I recently counted that I had passed up £2000 worth of business in one month because I was too busy.  It isn’t a staffing issue, we are adequately staffed, the issue was me wanting to do too much of that work myself.  Something was going to break and I didn’t want it to be me.

Identifying your priorities is key in this situation.

To identify your priorities, don’t automatically think the ones you enjoy doing the most or the ones that make you the most money are high priority.  It’s no good having a high paying task to do that will take you all day, if you can do 4 lower paying tasks and earn the same money and still have time left to do other things.  When you make your todo list, you will generally do the easy tasks first or the ones you like doing.  What happens then is you burn up all your energy doing these tasks and when they are complete you have the ones you don’t like doing left to do and your motivation and energy to get them done is low.  Do the SJ’s (shitty jobs) first, then get the easy ones done.

Being “too busy” is costing you money.

I have now identified the areas in my Business that I want to concentrate on, the areas that have been taking up so much of my time have been delegated out to other people.  This gives me the opportunity to work other areas of my business that can I can develop into high income streams.

mobilephones.co.uk domain name sell’s for £91,500

£91,500.00 for a domain name

On the 12th of March 2010 the domain name mobilephones.co.uk was sold via the online domain auction site SEDO for £91,500.00

For those of you not familiar with domaining, this is the online art of buying and selling domain names.  I call it Online Real Estate, this is something I do myself – think online property developer.

Will your retirement fund be coming from your brick and mortar portfolio or your e-property portfolio ?

Multi Tasking or Multi Failing?

Multi Tasking or Multi Failing?

Have you ever driven somewhere and when you got there you didn’t remember the journey?

Like you where driving on autopilot, your mind was elsewhere thinking about “the next big thing”.

Do you ever sit at your multi monitor desk, writing one thing, keeping one eye on Facebook another on the file your downloading and listening to the radio or tv.

That’s multi tasking, but are you being productive?

In today’s gadget filled, information overloaded society there is so much for us to try and do in 24 hours that we try and multi task as much as we can.  Juggling non important time wasting distractions with important work.  You have an important task to do, which requires you to write something in Word.

Is Word the only thing open on your pc or do you have Facebook in the background, your email program is open, Skype is running, maybe the TV is on.
You may think you can multitask effectively but when it comes down to it, your spreading your mind too thinly across many different tasks and your doing none of them effectively.  Its at this point your memory starts to fail you.  Can you remember everything thats happened on the TV, that you read on your email or posted on Facebook.  Can you remember what you wrote on that very important Word document.   Maybe you re-read it 5 or 6 times because each time you read a bit, it doesnt sink in and you have to read it again.

Still think your good at multi tasking?

Your Wrong and the men in white coats agree: http://chronicle.com/article/Scholars-Turn-Their-Attention/63746/

FOCUS on building your business.

Multiple Streams Of Income

One of my golden rules of becoming financially independent is to develop multiple streams of income.

Lets face it, we all have multiple streams of outgoings – Mortgage, Council Tax, Electricity, TV Subscriptions, GYM membership, Internet Connection, etc..

How will you deal with those unexpected bills?  Save a little and at some point you wont have any choice but to dip into those savings to pay for something unexpected.  How do you plan for the future when so many unexpected expenses crop up.

Multiple Streams Of Income

Ok so you have a day job, thats income stream number 1.  Why not invest some money in shares, or think about setting up your own business(s). Turn your hobby into a way of making money, are you considered an authority by anyone on a particular subject.  You can turn this into a business online by writing a blog about it.  There are so many ways to make money online.

The problem most people have is confidence and a presumed lack of knowledge.  Learn how to setup a blog free online, which is the simplest and quickest way to get  a webpage up, write about what you know, add some Google adsense adverts and you have got yourself a new income stream.  Do this for multiple subjects and you start to grow multiple streams of income.  Don’t set these up and sit back for too long because your long term success is in the hands of someone else – Google.

Think about developing new business ideas by providing services to others online.   How many website owners actually like and have time to write their own content.  Think about writing content for them and agree a fee, how many websites are there online – masses of potential customers for you.

This is just one of many ways to make money online and build multiple streams of income.